Spain: Prime Minister ousted in no-confidence vote | CNBC

Spain has a new prime minister after a parliamentary vote Friday led to the ousting of incumbent Mariano Rajoy. Speaking to the Spanish parliament just before the vote, Rajoy said he would accept the result and wanted to be the first to congratulate the leader of the opposition Socialist Party, Pedro Sanchez, as his successor. A long-running corruption trial — known as the Gurtel case — found dozens of people linked to Rajoy’s governing People’s Party (PP) guilty of benefiting from illegal kickbacks. That prompted Sanchez to push for a vote of no-confidence against Rajoy.

Full Article: Spain’s Mariano Rajoy ousted in no-confidence vote.

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